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Please add the explanation. 8. If a company making only cash sales is considering allowing customer credit, then __________. A) sales will likely decrease B)
Please add the explanation.
8. If a company making only cash sales is considering allowing customer credit, then __________.
A) sales will likely decrease
B) the change will result in a source of funds
C) receivables will likely increase
D) net working capital will decrease if funding needs are met with long-term liabilities
E) expenses will fall due to monthly billings and collection efforts
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